Wi-Fi Analytics Market Analysis 2024: Data-Driven Connectivity

"The Business Research Company recently released a comprehensive report on the Global Wi-Fi Analytics  Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The wi-fi analytics  market size has grown exponentially in recent years. It will grow from $14.7 billion in 2023 to $18.3 billion in 2024 at a compound annual growth rate (CAGR) of 24.5%. The growth in the historic period can be attributed to proliferation of wi-fi enabled devices, increased internet usage, growing demand for location-based services, data security concerns, rising popularity of public wi-fi hotspots.

The wi-fi analytics  market size is expected to see exponential growth in the next few years. It will grow to $47.08 billion in 2028 at a compound annual growth rate (CAGR) of 26.6%. The growth in the forecast period can be attributed to 6e wi-fi standard adoption, integration of wi-fi analytics with ai and machine learning, expansion of smart cities initiatives, enhanced wi-fi security measures, increased use of wi-fi in iot devices. Major trends in the forecast period include wi-fi 6 deployment and upgrades, cloud-based wi-fi analytics solutions, focus on user experience analytics, wi-fi analytics for retail and hospitality, wi-fi as a service (waas) models.

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Market Drivers and Trends:

The rise in the deployment of Wi-Fi connections is significantly contributing to the growth of the Wi-Fi analytics market. A Wi-Fi network is an internet connection shared by a wireless router with multiple devices in a home or business. The deployment of Wi-Fi networks is rapidly gaining popularity as more people use laptops, tablets, and smartphones. For instance, according to the World Population Review, a US-based agency for demographic information, approximately 69% of the world's population which equals 4.9 billion people are actively using the internet in 2022 and the number of internet users is increasing at the rate of 4% annually, which translates to over 196 million additional users joining the network every year. In addition, Cisco, a US-based networking hardware company, forecasts a fourfold increase in Wi-Fi hotspots to 628 million in 2023 in its Annual Internet Report. Therefore, the rapid growth in the deployment of Wi-Fi connections will support the Wi-Fi analytics market growth.

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

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Major Key Players of the Market:

Cisco Systems Inc., Skyfii Limited, Purple Wi-Fi Limited, Fortinet Inc., Zebra Technologies Corporation, Hughes Network Systems LLC, GoZone WiFi LLC, Aptilo Networks AB, Bloom Intelligence LLC, Cloud4Wi Inc., Retailnext Inc., CommScope Holding Company Inc., Soft Emirates, WeFi, Singapore Telecommunications Limited, SpotOn, Aislelabs Inc., MetTel Corporation, Extreme Networks Inc., Yelp Wi-Fi Inc., Navenio Inc., Huq Industries Limited, Briteyellow Inc., Hewlett Packard Enterprise company LP, Zimperium Inc., Ruckus Networks a Broadcom company, Eleven Software, Flame Analytics Inc., Guest Networks, WhoFi Networks Inc., Presence Aware Technologies, Intelligent Automation Inc.

Wi-Fi Analytics  Market 2024 Key Insights:

• The wi-fi analytics  market size is expected to see exponential growth in the next few years. It will grow to $47.08 billion in 2028 at a compound annual growth rate (CAGR) of 26.6%.
• Wi-Fi Proliferation Fuels Wi-Fi Analytics Market Growth
• Technological Advancements Reshaping Wi-Fi Analytics
• North America was the largest region in the Wi-Fi analytics market in 2023

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